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Allied World Assurance Co. beat analysts’ expectations last night when it swung to a third-quarter profit of about $114 million, or $1.89 a share, from a year-earlier loss of $283.4 million, or $5.65 a share.
Operating income, which excludes net real...
DATE: Nov 09, 2006
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Allied World Assurance Co. beat analysts? expectations last night when it swung to a third-quarter profit of about $114 million, or $1.89 a share, from a year-earlier loss of $283.4 million, or $5.65 a share.
Operating income, which excludes net real...
DATE: Nov 09, 2006
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CATEGORY:
Other
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Aspen Holdings Ltd. yesterday said it expects to write about $1.9 billion gross written premiums in the 2007 financial year, but warned rates will decline in some of its product lines.
Aspen chief executive officer Chris O?Kane also said: ?We are als...
DATE: Nov 09, 2006
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PARIS (Bloomberg) ? Scor SA, the largest French reinsurer, said nine-month profit almost doubled on property and casualty reinsurance sales and growth in Asia and Europe.
Net income increased 87 percent to 155 million euros ($198 million) from 83 mil...
DATE: Nov 09, 2006
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MUNICH (Bloomberg) ? Munich Re shares were downgraded by JPMorgan Chase & Co., Merck Finck & Co. and Norddeutsche Landesbank Girozentrale, citing concern over future growth.
The world?s second-largest reinsurer yesterday raised its full-year profit f...
DATE: Nov 09, 2006
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PARIS (Bloomberg) — Shares of Scottish Re Group Ltd., a Bermuda-based reinsurer, slumped 15 percent after the head of French reinsurer Scor SA said it didn’t bid to buy the company, which is for sale.Scor chief executive officer Denis Kessler made th...
DATE: Nov 09, 2006
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LONDON (AP) ? A judge yesterday dismissed a class-action lawsuit that Lloyd?s of London investors filed against the British government for big financial losses they suffered during the 1980s and 1990s.
More than 1,000 underwriting ?Names? had sought ...
DATE: Nov 09, 2006
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The Royal Gazette/Bermuda Stock Exchange Index rebounded yesterday as two financial stocks gained.
The index closed up 28.03 points to 4,831.18 on thin volume of 3,088 shares worth $112,150.
Butterfield Bank recovered recent loses when it closed up 5...
DATE: Nov 09, 2006
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PARIS (Bloomberg) — Scor SA, the largest French reinsurer, said nine-month profit almost doubled on property and casualty reinsurance sales and growth in Asia and Europe.Net income increased 87 percent to 155 million euros ($198 million) from 83 mill...
DATE: Nov 09, 2006
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CATEGORY:
Other
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PARIS (Bloomberg) ? Shares of Scottish Re Group Ltd., a Bermuda-based reinsurer, slumped 15 percent after the head of French reinsurer Scor SA said it didn?t bid to buy the company, which is for sale.
Scor chief executive officer Denis Kessler made t...
DATE: Nov 09, 2006
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CATEGORY:
Other
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